fiscal spending

Banking & finance

Next big shift in economics takes shape under Covid shadow

A rare regime-change in economic policy is edging central bankers out of the pivotal role they have played for decades.

Covid-19

Should governments spend away?

Advanced economies have already spent enormous amounts providing Covid-19 pandemic relief to households and small- and medium-size businesses. The International Monetary Fund’s June outlook estimates that, including fiscal measures and credit guarantees

Special Feature

China's recovery a boon for Asian high yield bonds

At the start of this year, Asian high yield bonds were one of the asset classes favoured by UBS Asset Management (UBS-AM) to outperform. Their valuations did not look overly stretched and fundamentals were firm. In fact, the US and C
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